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Dec 6, 2012
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the difference between apple and google is they're not public about it. we don't know what they're working on other than these p patent filings. trust me, they're working on big, new, exciting things. even wearable computers. >> let's hope. we haven't seen them though. maybe. >> it just occurred to me, we talk about tim cook versus steve jobs and is the company different and how is it different and all that. is it possible, max, that shareholders think they are still investing in steve jobs' apple rather than tim cook's apple? >> absolutely. >> is that why we've seen this 23% decline in the stock recently as some of that is starting to dawn on them? >> absolutely. i'll do you one better. it's a great question. i think analysts still think they're forecasting and following steve jobs' growth. the bad news is that it's the wrong model. that era has ended. there's lots of exciting things to do. the story is not over. the future is potentially very bright. folks need to move away from maintaining the margin and benchmark everything against steve jobs. the mar
the difference between apple and google is they're not public about it. we don't know what they're working on other than these p patent filings. trust me, they're working on big, new, exciting things. even wearable computers. >> let's hope. we haven't seen them though. maybe. >> it just occurred to me, we talk about tim cook versus steve jobs and is the company different and how is it different and all that. is it possible, max, that shareholders think they are still investing in...
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Dec 5, 2012
12/12
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you are seeing a new crop of devices like the amazon kindle fire or the google nexus that are coming in at attractive price points and certainly capturing a good chunk at the low end. >> yeah, because i guess to your point, which is when you are the first person into a market, you actually have though where to go but down in market share. when you go in, you have 100%. so is there a demarcation line for you where you do start to worry? >> you know, i mean, it seems like demand is still good. i mean, i'm not the apple analyst, but apple sales on the ipad and ipad mini are still expected to be up 50% year over year in the fourth quarter. it's a big number. they're going to sell a ton of these things. i'm not that worried. obviously, the stock is having technical challenges and tax related selling and special dividend but it still seems like there's good demand for that product. >> speaking of all these products, what about the microsoft surface? what happened to that? they're selling it, right? i haven't haereard a lot about . >> theoretically, they're selling it. >> i think they're se
you are seeing a new crop of devices like the amazon kindle fire or the google nexus that are coming in at attractive price points and certainly capturing a good chunk at the low end. >> yeah, because i guess to your point, which is when you are the first person into a market, you actually have though where to go but down in market share. when you go in, you have 100%. so is there a demarcation line for you where you do start to worry? >> you know, i mean, it seems like demand is...
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Dec 6, 2012
12/12
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apple's inexpensive but google is expensive. it is just apple's so many hundreds of billions in market cap that sometimes it is going to fall by its own weight. >> we can bring that back up, please. when i look at apple trading at 1.5 points more in forward pe than microsoft. one of those is mispriced. >> exactly right. that's why i look forward to the panel because it is really ael ael braic. >> do you believe apple is fundamentally undervalued? >> yes, i do. i think one other point that should be made is that apple's cash balance is not only enormous at about almost $130 a share, but it's growing at $40-plus per share per year. so if you -- and this is after paying a dividend and repurchasing shares. if you roll this tape forward, apple is just an enormous pile of cash. that becomes a very, very substantial portion of its market cap. on almost any metric this stock is really inexpensive and its projects are still very, very bright. if you look at its core market which is smartphones, only 42% of all handsets sold globally this
apple's inexpensive but google is expensive. it is just apple's so many hundreds of billions in market cap that sometimes it is going to fall by its own weight. >> we can bring that back up, please. when i look at apple trading at 1.5 points more in forward pe than microsoft. one of those is mispriced. >> exactly right. that's why i look forward to the panel because it is really ael ael braic. >> do you believe apple is fundamentally undervalued? >> yes, i do. i think...
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Dec 13, 2012
12/12
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it is not going to drive google's earnings, if you -- display ad does drive google's earnings but nothing to do with display ads, sit there and think maybe am, people will buy it, maybe not, but the idea that google is up big and apple is down big just shows you how fanciful this market can be versus the reality. makes no sense. >> google could drive a lot bigger margin if they wanted to, fascinating company, i agree. >> all the thing these give away for free they could possibly monetize u >> kansas city, delivering one gigabyte for $30 a month. so interesting to follow this company, generating enormous amounts of cash flow. >> trade off of that. invest in it, they are investing so much in the future. the idea of a superior map product driving google over 700, starting to climb back where it was after that horribly disappointing quarter? i got facebook at 20. i get that. facebook said we got a way to monetize, but the idea, wow, you know what, those maps, which we know are superior, we should buy google off it? >> maybe just the people are taking money out of apple and putting it elsewher
it is not going to drive google's earnings, if you -- display ad does drive google's earnings but nothing to do with display ads, sit there and think maybe am, people will buy it, maybe not, but the idea that google is up big and apple is down big just shows you how fanciful this market can be versus the reality. makes no sense. >> google could drive a lot bigger margin if they wanted to, fascinating company, i agree. >> all the thing these give away for free they could possibly...
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Dec 13, 2012
12/12
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the google map is now available as a download from appel itunes. you can get it for free. >> and the big question was, a, was google going to make it and, b, was apple going to accept it? we were at the conference yesterday. there was a lot of discussion about that issue. >> it might be easier to list who wasn't at your conference. >> you know, you were invited to the conference. >> i was. i had something else to do. >> what did you have to do yesterday? >> wash my hair. no, i had a -- no, i would have come. i did. i had a lunch. >> it was in the city. >> no. >> you were so close, you came across the bridge? >> i also had to meet with my style team. >> okay. >> my style is lacking, apparently. >> another historic night at madison square garden and the 12-12-12 concert brought relief for hurricane sandy. the sold-out show lasted nearly six hours and was said to have reached an audience of two billion, with a b, people around the world. it was broadcast over tv, radio, internet, quite a night if you were lucky enough to have a ticket. i was actually
the google map is now available as a download from appel itunes. you can get it for free. >> and the big question was, a, was google going to make it and, b, was apple going to accept it? we were at the conference yesterday. there was a lot of discussion about that issue. >> it might be easier to list who wasn't at your conference. >> you know, you were invited to the conference. >> i was. i had something else to do. >> what did you have to do yesterday? >>...